Torrance, CA · October 27, 2009
Pelican Products, the global leader in the design and manufacture of advanced lighting systems and virtually indestructible cases,today announced Inc. Magazine’s Inc. 5,000 list has identified it as one of America’s fastest-growing companies for the second year in a row.
The list, published annually, highlights U.S.-based, privately held and independent companies with more than $2 million in revenues that have increased significantly during the most recent three-year period.
“We are extremely honored to be ranked by such a prestigious publication as one of America’s fastest-growing companies, especially in these challenging economic times,” said Pelican Products, CEO, Lyndon Faulkner. “This award is a testament to all our employees who truly make a difference in our business everyday and to the quality of the products we make here at Pelican Products.”
The 2009 Inc. 5000, (unveiled on Inc.com), serves as a unique report card on the U.S. economy. Despite the ongoing recession, aggregate revenue among the companies on the list actually increased to $214 billion, up $29 billion from last year, with a median three-year growth rate of 126 percent. The Inc. 5000 are responsible for creating more than 1 million jobs since their founding, making the list perhaps the best example of the impact private, fast-growing companies can have on the economy.
“We look forward to opening new markets and launching innovative technologies and services in the coming year. With an optimistic outlook, empowered workforce and carefully planned strategy, we’re confident that our continued growth objectives can be met,” added Faulkner.
The Inc. 5000 is ranked according to percentage revenue growth from 2005 through 2008. To qualify, companies must have been founded and generating revenue by the first week of 2005, and therefore able to show four full calendar years of sales. Additionally, they have to be U.S.-based, privately held, for profit, and independent -- not subsidiaries or divisions of other companies -- as of December 31, 2008. Revenue in 2005 must have been at least $200,000, and revenue in 2008 must have been at least $2 million.
Pelican Products, Inc. is a portfolio company of Behrman Capital, a private equity investment firm based in New York and San Francisco.
Pelican Products, Inc. is the global leader in the design and manufacture of high performance protective cases, temperature controlled packaging solutions, advanced portable lighting systems and rugged gear for professionals and outdoor enthusiasts. Their products are used by professionals in the most demanding markets including fire safety, law enforcement, defense / military, aerospace, entertainment, industrial and in numerous outdoor markets. Pelican™ products are designed and built to last a lifetime. The company operates in 26 countries, with 24 international sales offices and seven manufacturing facilities around the globe. In Europe, the company does business under the name Peli Products, S.L.U. For more information, visit www.pelican.com or www.behrmancap.com.
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